Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q1 2023 Earnings Presentation
15 slides from Ast Spacemobile's earnings presentation, May 15, 2023
Slide 1: Transforming how the world connects
Transforming how the world connects NASDAQ: ASTS Business Update – First Quarter 2023 May 15, 2023 ast-science.com
Slide 2: Forward Looking Statements
Forward Looking Statements The information in this presentation and the oral statements made in connection therewith includes “forward-looking statements” for the purposes of federal securities laws that are not historical facts and involve risks and uncertainties that could cause actual results to
Slide 3: Building the first and only space-based cellular broadband network
Building the first and only space-based cellular broadband network 3 ast-science.com
Slide 4: Q1 2023 key highlights
Q1 2023 key highlights History Made Technology Validated In Orbit Potentially Opening Additional Funding Alternatives 4 ast-science.com
Slide 5: History made: First-ever space-based voice calls using everyday unmodified smartphones
History made: First-ever space- based voice calls using everyday unmodified smartphones Source: AT&T. 5 ast-science.com
Slide 6: Continued strong momentum with the wireless industry
Continued strong “Today, we have taken another major step in mobile communications. 30 years after Vodafone sent the world’s first text message, we supported AST SpaceMobile momentum with in successfully making the first ever direct-to-smartphone test call using satellite communications. This is jus
Slide 7: Implications of this historical technical milestone
Implications of this BlueWalker 3 testing program validates our technology historical technical milestone Confirms no major changes to the design of Block 1 BlueBirds Confirms technology ability to work with everyday smartphones Confirms ability to integrate with the existing cellular ecosystem, inc
Slide 8: Testing confirms technology ability to work with everyday smartphones and devices
Testing confirms technology ability to work with everyday smartphones and Everyday phones from all major brands devices have communicated with BW3 Phones ■ Devices DIRECT-TO-DEVICE Wearables ■ IoT 8 UNMODIFIED ■ STANDARD ■ EXISTING SPECTRUM ast-science.com
Slide 9: Update on industrialization of our patented technology
Update on industrialization of our patented technology Production on track for planned launch of 5 Block 1 satellites in Q1 2024 9 ast-science.com
Slide 10: Staged technology roadmap designed to provide continuous improvement of SpaceMobile services
Staged technology Our technology roadmap is expected to sequentially add capacity with each generation of satellite program roadmap designed to provide continuous improvement of Satellite Program BW3 Block 1 Block 2 SpaceMobile services Initial Production 2022 2023 2024 Test FPGA FPGA Proprietary AS
Slide 11: First quarter 2023 financial metrics
First quarter Adj. Operating Expenses 1 Capital Expenditures 2 Liquidity 3 2023 financial $mm $mm $mm metrics $39.1 +$1.2 $40.3 $239.3 $13.0 +$2.6 +$0.6 $15.1 $185.7 $14.5 $10.4 +$1.7 +$2.2 $12.6 $14.7 $16.4 1. Non-GAAP. See appendix for a reconciliation. Adjusted $10.4 operating expenses is equal t
Slide 12: Track record of attracting strategic investment
Track record of Milestone driven, value-creating financing approach with validation from a high-profile strategic investor base across the wireless ecosystem attracting strategic investment Rounds Select Investors Participated Investment ($mm) Rakuten 2 $104 1 $108 ~$725 Vodafone 2 $35 Public Americ
Slide 13: Appendix
Appendix
Slide 14: Reconciliation to non-GAAP measures – adj. operating expenses
Reconciliation to Adj. operating expenses – 3 months ended non-GAAP ($ in thousands) Mar 31, ’23 Dec 31, ’22 Mar 31, ’22 measures – Engineering services 16,483 16,004 11,740 General and administrative costs 9,857 10,698 11,619 adj. operating Research and development costs 16,381 14,651 8,281 expense
Slide 15: CONFIDENTIAL CONFIDENTIAL DRAFT
CONFIDENTIAL CONFIDENTIAL DRAFT [x] 9 ast-science.com